London Business School | Ms. Private Equity Angel
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Yale | Ms. Biotech
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McCombs School of Business | Mr. Marine Executive Officer
GRE 322, GPA 3.28
Kellogg | Mr. Engineer Volunteer
GMAT 710, GPA 3.8
Stanford GSB | Ms. Global Empowerment
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Chicago Booth | Mr. Bank AVP
GRE 322, GPA 3.22
Chicago Booth | Ms. Indian Banker
GMAT 740, GPA 9.18/10
Harvard | Mr. Renewables Athlete
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Stanford GSB | Mr. Infantry Officer
GRE 320, GPA 3.7
UCLA Anderson | Ms. Apparel Entrepreneur
GMAT 690, GPA 3.2
McCombs School of Business | Mr. Ernst & Young
GMAT 600 (hopeful estimate), GPA 3.86
Harvard | Mr. Armenian Geneticist
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Berkeley Haas | Mr. 1st Gen Grad
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Ross | Mr. Travelpreneur
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Harvard | Ms. Developing Markets
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London Business School | Ms. Numbers
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Kellogg | Mr. Innovator
GRE 300, GPA 3.75
IU Kelley | Mr. Fortune 500
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N U Singapore | Mr. Naval Officer
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NYU Stern | Ms. Entertainment Strategist
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NYU Stern | Mr. Army Prop Trader
GRE 313, GPA 2.31
Chicago Booth | Mr. Unilever To MBB
GRE 308, GPA 3.8
Stanford GSB | Ms. Healthtech Venture
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Columbia | Mr. Senior Research Analyst
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Stanford GSB | Mr. Doctor Who
GRE 322, GPA 4.0
Rice Jones | Mr. Carbon-Free Future
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Cornell To Offer One-Year MBA In NYC

Cornell will launch a one-year MBA program in Google's New York offices

Cornell will launch a one-year MBA program in Google’s New York offices

The Johnson Graduate School of Management at Cornell University will soon offer a one-year MBA program based at Google’s New York City campus, sources told Poets&Quants.

The decision, to be announced shortly by the school, will significantly change the competitive dynamic in New York where Columbia Business School and New York University’s Stern School have long reigned as the major elite MBA players. The Cornell program would launch in May of 2014.

Cornell officials gave advance notice of the program to MBA admission consultants at their annual conference hosted by Wharton in June.

‘AN ATTRACTIVE NYC ALTERNATIVE TO COLUMBIA OR STERN’

Several consultants say the program would find a receptive audience. “An Ivy League MBA in New York without having to go to Columbia or Stern would be a pretty attractive alternative to many applicants,” says Dan Bauer, CEO and founder of The MBA Exchange, a major MBA admissions consulting firm. “Also the implied endorsement of Google makes it a pretty hot option for people. We will probably be seeing more one-year programs in the next five years.”

The highest ranked U.S. school with a one-year program is Northwestern University’s Kellogg School of Management, which started its program in 1964. The school is now putting greater emphasis on that program which has been under the radar for quite a few years. Kellogg said it plans to substantially increase enrollment in its one-year program, which had been under the radar for some time.

ONE BIG QUESTION: WILL CORNELL ACCEPT A BROADER RANGE OF CANDIDATES?

Cornell, along with Emory University’s Goizueta School of Business, are the only other top 20 business schools in the U.S. with one-year programs. But the current Cornell accelerated option, with tuition of $86,336, enrolls fewer than 50 students a year and is somewhat atypical because the school requires applicants to have earned master’s or doctoral degrees in rigorous quantitative fields. It’s not yet clear if Cornell will accept a broader range of students for its New York City program.

Many one-year MBA programs in the U.S. tend to require an undergraduate degree in business or economics. The one-year timeline is much more common at European business schools, such as INSEAD in France or IE Business School in Madrid, Spain.

Cornell’s decision to offer an MBA in New York follows a game changing initiative for both the university and its business school. In late 2011, Cornell won a competition for $100 million in funds and $300 million worth of New York City real estate to create a new graduate school dubbed Cornell NYC Tech.

The school, meant to help commercialize science and technology to create businesses and employment in New York, gives the university and the business school a dynamic laboratory for innovation and entrepreneurship. Cornell NYC Tech, which opened its doors in January in 20,000 square feet of space at Google’s New York headquarters in Chelsea, will eventually boast a vast campus on Roosevelt Island in 2017.

DON’T MISS: THE BEST ONE-YEAR MBA PROGRAMS or CORNELL’S BIG BET ON NEW YORK CITY

About The Author

John A. Byrne is the founder and editor-in-chief of C-Change Media, publishers of Poets&Quants and four other higher education websites. He has authored or co-authored more than ten books, including two New York Times bestsellers. John is the former executive editor of Businessweek, editor-in-chief of Businessweek. com, editor-in-chief of Fast Company, and the creator of the first regularly published rankings of business schools. As the co-founder of CentreCourt MBA Festivals, he hopes to meet you at the next MBA event in-person or online.